Topic: [ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 88. (Read 759239 times)

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Seems like A LOT of extra work to carry two coins as the dev team will have to do. To keep WC fresher than WOC to ensure WC doesn't die, yeah... If you guys have the plans and dedication, be my guest!

So what's the point/destiny of the original WC? To wander into a corner and die? What will keep people on the original WC? People will be selling their stashes to buy WOC, crashing WC price and flooding the market with WC. When you have two versions of one product, one will do better than the other.

WC will never be abandoned, we're going to keep on with development on it and it will always serve as an entry vehicle to any new project we undertake.

Unfortunately, a viable privacy function would be risky for WC's blockchain, so a low coin coin (like 10% or less of total WC) is necessary to see this implemented. We will having a full community conversation as to how the IPO/premine will be handled, but it will happen in a way that there will be no way that we have such a crash in WC after WOC's launch.

So what's the point/destiny of the original WC? To wander into a corner and die? What will keep people on the original WC? People will be selling their stashes to buy WOC, crashing WC price and flooding the market with WC. When you have two versions of one product, one will do better than the other.

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A special Announcement from The WhiteCoin Foundation

It's time.

By popular demand, we will be implementing User Privacy Protection Features provided by The WhiteCoin Foundation.

You can consider this the "Pre-Pre-Ann". This has taken a great deal of research and effort on our parts to prepare. We were wanting to get our ducks in a row first to make that big splash, but it's been made clear to us that the community needs an update.

We are pleased to inform you of our next big step as a community:

WhiteOutCoin

Wallet theft, hacks, and worse are unfortunately common in crypto. Just as with real world currencies, there will always be pickpockets looking to steal your hard earned coins. In an age of failed "anonymous coins" that rely upon central points of failure, WhiteOutCoin will provide users with the protection they're actually looking for: privacy in the crowd.

WhiteOutCoin will serve as a companion coin to WhiteCoin, and WC will be the only entry vehicle for WOC for the first month. That's right, to buy WhiteOutCoin in the early stages, you'll need to be a holder of WhiteCoin Prime.

So how will this work?

In the coming days, you'll see us ramp up towards creating a new BCT Pre-Ann thread once our new websites are ready. In this early stage of development, anything is still open to discussion, from total coin count to the algo used for mining.

We invite you to join us in an ongoing discussion in #whitecoinfoundation on freenode: https://kiwiirc.com/client/irc.freenode.net/#WhiteCoinFoundation

Currently our plan is create WhiteOutCoin with a very low total coin count, and an IPO premine where users will only be able to buy in early using WhiteCoin.

I believe this will help drive up volume and interest in our efforts. With WhiteOutCoin on the way, and the WCF en route to engaging with the mainstream media, much higher prices and volume is only a matter of time.

Timeline & Roadmap

June 25th-29th: Commmunity discussion and planning
June 30th - July 3rd: Target window for Pre-Ann thread and website launches
July 5th - 8th: Target window for the launch of our IPO and official Ann thread
July 25th - 31st: Target window for launch of WhiteOutCoin

I share your pragmatism.  The fires got to begin with a spark.  I hope it starts a conversation about the details.

Government announcement is great, but until ANY government gets a new generation of politicians who actually understand bitcoin rather than wave sticks at it, we will be going in circles.

Hey mogonzo,  Here's some small changes that i made.

Draft media release for community consultation -- Surfguy72 edits

CryptoCurrency Association Condemns Canadian Government's bitcoin approach isolating Canada from a $8 Billion and growing industry.

The WhiteCoin Foundation must express its deep concern regarding the Canadian Government's recent moves involving bitcoin and cryptocurrencies. These provisions hidden deep within Bill C-31 are being implemented without consulting the industry they impact. This sends a clear message to an industry that holds great potential to Canadian Tech markets: your needs don't matter to us.
Chris Salsman, President of the WhiteCoin Foundation, feels this signals the Harper Government's lack of competency when it comes to bitcoin  and the growing use of cryptocurrencies in the 21st century.

"I think it demonstrates how misinformed they are. There was no public discussion. No consultation with industry partners. We're looking for Canada to be a leader in welcoming cryptocurrency as a viable alternative for online value transfer. But this move demonstrates very clearly that the health of the cryptocurrency industry in Canada is irrelevant to the government. They're stuck in an old mindset, implying bitcoin is only used for criminal activity when nothing could be further from the truth."

The WhiteCoin Foundation believes money laundering  and other similar activities are of serious concern to the industry, and should in fact be made more difficult by the transparent nature of cryptocurrency's fundamental concepts. Had the industry been consulted, their efforts could have been bolstered. But by excluding industry from the process, they risk sending a chill through the markets, and chasing away investors both internal and external to Canada.
Mr. Salsman believes this short sighted approach needs to change. 
"Cryptocurrency holds great potential for the Canadian economy, our industry is desperate for skilled technical labour. But if this trend of non-discussion continues we'll see all this potential business move offshore like in so many other cases. Why they haven't considered that remains an open question."



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